The rest is super easy.I won’t minimize the importance of vetting the property.

. - You're minimizing how much is coming out of pocket when closing arrives. 

My mortgage is around 1200 and average good shape and expenses are very minimal.

The work here is minimal, but it does require someone to be available 24/7.Has anyone been able to successfully outsource this part of STR management?

How would you structure a deal so that the private money could cover the down payment and fund the rehab in order to minimize money out of your pocket and being able to pay the private lender off when you refinance? 

Doing the project ourselves has deem more cost effective, therefore minimizing our rehab cost.

He has tons on real estate investing. with a strong emphasis on tax minimization and asset protection.

I think $2500 is quite fair if it's a two-bedroom home in questionable repair, which it may well be.your response shows your knowledge of CA rentals is minimal.  

Continue exploring various strategies to optimize your purchasing power and minimize upfront costs.Using an FHA or VA loan for MFH acquisition can indeed be advantageous, offering lower down payments and favorable terms.

If you can manage a house-hack closer to home that helps you build equity and net worth, while demanding a minimal down payment, I personally think that’s a better option.